It’s back to the drawing board for the City of Peterborough

Peterborough, ON, Canada / CHEX TV
It's back to the drawing board for the City of Peterborough

Cavan-Monaghan township council has turned down a request from the city of Peterborough to change the terms of a proposed land deal.

 

The deal would see the city pay the township about 80 million dollars over 25 years for  4 thousand acres of land for future development.  The city now wants to pay less per year at the start of the life of the deal and more toward the end.  Tuesday afternoon Cavan-Monaghan council turned down the city’s request to change the payment schedule.

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